China slashes US gas im­ports amid trade war

Financial Mail - - MARKET WATCH -

China has choked back on im­ports of liq­ue­fied pe­tro­leum gas (LPG) from the US, turn­ing to the Mid­dle East for ex­tra sup­plies. China im­ported nearly 3.6Mt of LPG in

2017, mak­ing the US the coun­try’s sec­ond-largest sup­plier of the fuel.

But US im­ports have slowed in 2018, and stalled com­pletely in late Au­gust when China im­posed an ad­di­tional 25% tar­iff on over 300 US goods, in­clud­ing LPG, in re­tal­i­a­tion for US tar­iffs. Con­sul­tancy IHS Markit es­ti­mates US im­ports fell to barely 1Mt dur­ing the first eight months of 2018, down from about 2.1Mt for the same pe­riod last year. Reuters

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